Background

Dr. Alfred E. Osborne, Jr., Ph.D., is the Founder and Faculty Director of The Harold & Pauline Price Center for Entrepreneurial Studies at UCLA. Dr. Osborne is a Senior Associate Dean and an Associate Professor of Business and Global Economics in the Anderson Graduate School of Management at the University of California at Los Angeles, where he has been employed since 1972. He serves as an Advisor to InnoCal Ventures, RBC Capital Partners and Rustic Canyon Group. He ... served as an Independent General Partner at Technology Funding Venture Partners V. He has been Lead Independent Director, Chairman of Compensation Committee, Member of Audit Committee and Member of Executive Committee at Outdoor Sports Gear, Inc. He has been an Independent Director of Kaiser Aluminum Corporation since July 2006 and serves as its Lead Independent Director. He has been Lead Director of DCO Management, LLC since 2002 and serves as its Director. He has been Director at WEDBUSH since January 1998. He has been a Director of Equity Marketing Inc. since 2000, the Harold Price Center for Entrepreneurial Studies since 1987 and serves as the Member of the Board of Governors at Investment Company Institute. He has been a Director of Source Capital, Inc. since 2013, The Heckmann Corporation since May 2007 and United States Filter Corporation since 1991. Dr. Osborne has been member of the board of directors of Harvard-Westlake School since August 2002. Dr. Osborne has been member of the board of directors of LA Police Memorial Foundation since March 1999. He has been Director at FPA Capital Fund Inc since 1999, FPA Capital Fund, Inc. - FPA Capital Fund, Inc. since 1999, Nuverra Environmental Solutions, Inc. (formerly, Heckmann Corporation) since May 2007 and CCL Plastic Packaging Inc. since November 1993. He has been Director/Trustee of FPA Paramount Fund, Inc. since 2013, FPA Perennial Fund, Inc. since 2013, FPA Capital Fund, Inc. since 1999, FPA New Income, Inc. - FPA New Income, Inc. since 1999, FPA Funds Trust's FPA Crescent Fund since 2002, and FPA Funds Trust's FPA International Value Fund since 2011. Dr. Osborne also serves as a director of First Pacific Advisors' Capital, Crescent and New Income Funds. Dr. Osborne has been member of the board of directors of Stanford Athletic Board since July 2007; and Fidelity Charitable Gift Fund since November 2007. He served as a Director of First Interstate Bank, Greyhound Lines Inc. since May 10, 1994, and United States Filter among others. He served as a Director of EMAK WORLDWIDE, Inc., from December 2000 to June 2008. He served as a Director of AFH Acquisition VII, Inc. from February 2013 to January 24, 2014. He served as a Director of Siemens Water Technologies Corp. since 1991. He served as a Director of Nordstrom Inc. from 1987 to May 23, 2006. He served as a Director of Emmaus Holdings, Inc. He served as a Director at Times Mirror Co. since 1980 and was also the Chairman of the Audit and Public Responsibility Committee and a Member of Compensation, Executive Compensation Subcommittee of the Compensation and the Nominating Committees. He served as a Director of Emmaus Life Sciences, Inc. from June 21, 2011 to September 24, 2013. He served as a Director of ReadiCare Inc. since 1986 and SEDA Specialty Packaging Corp. since November 1993. From August 1977 to July 1979, he served as a Brookings Institution Economic Policy Fellow at the Securities and Exchange Commission. He served as Director of the MBA Program, Assistant Dean, Chairman of the Business Economics Faculty group, and Associate Dean at UCLA. He served as a Trustee of WM Group of Funds both of which are 1940 Investment Company Act companies. Dr. Osborne completed a Bachelor of Science in Electrical Engineering in 1968, Master of Arts in Economics in 1971, Master of Business Administration in 1971 and Doctorate in Business Economics in 1974, all at Stanford University.

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